Kenyan President Uhuru Kenyatta has said double taxation and other barriers to foreign investment will be removed after talks with Coca Cola International CEO Ahmed Bozer, in order to restore the country’s position as a ‘regional business hub’ friendly to investors.
According to the Nairobi-based Business Daily, the President Kenyatta spoke on the issue after Coca Cola International CEO Ahmed Bozer called on him at State House in the capital.
“We must be attractive to investors if, as a country, we are to remain as the destination of choice for investment in the region and Africa,” he explained, assuring his government’s total commitment to partnerships of mutual benefit with Coca Cola and other investors.
President Kenyatta also commended the beverage company for venturing into mango juice production and providing a much-needed but previously absent market to mango farmers in the country, of whom the Business Daily noted 37,000 producers had already mobilised.
“Kenya is one of the countries we are considering as a mango supply point in Africa,” commented Ahmed Bozer, noting that the company was exploring the viability of sourcing fruit from Kenya and the rest of Africa as “a global supply point” for its ingredients.
The President, in a further nod to the company, acknowledged initiatives by the soft drinks manufacturer to empower women and youth such as its ‘5by20’ programme aimed at benefitting five million women through its global value chain by 2020.